COUNCIL

THE CORPORATION OF THE CITY OF PORT COQUITLAM AUG 28 1986

MEMORANDUM

TO: B.R. Kirk DATE: August 26, 1986
City Administrator

FROM: W. Brown
Director of Community Planning

SUBJECT: Rezoning Application No. 14/86
Citade|l Heights, Phase Three

RECOMMENDATION: That City Councti!i direct the Clerk's Office
to prepare a bylaw rezoning a portion of
Lot 9 of DL 232,340, 341 and 344, NWLD Plan
68514 and Lot 8 of Plan 68514 as shown on
the attached map from RS-1 and RM-3 to RS-1

and RS-1A.

COMMENTS:

This application has been submitted by the developer,
Genstar, in reaction to their perception of market dtrection.
It is their feeling they may have saturated the market with the
other multiple family site they have just placed on the market.

In reviewing this app!Iication the Planning Department
axamined it from two perspectives; firstly for land sultablility
and secondly, for Its financial Implications. With respect to
the first Item, land suitability, this site Is topographically
irregular and is very steep in places. This problem will be
corrected by the developer by regrading, similiar to what has
been done In Phase One.

The second area of concern, fiscal Impact upon the City
appears to be limited to a reduction In property tax revenue to
the City. The proposal Is to buliding 44 single family lots,
where there would have been about 100 townhouses. Assuming,
the property tax contribution of a single family dwelling is
twice that of a townhouse, there will be a 13 percent reduction
in tax revenue. In addition, there also wil! be an Increase In
expenditures. Publtc services provided to single family
housing {fs greater than townhouses, so the loss of Income -
Increase of expenditure wilf be slightly greater than noted

above.

The Development Cost Charge scheme for the Genstar
subdiviston provides for a set contributtons for water,
sanitary sewer and storm sewers, financing of these facilities
will not be effected by the change of plans.

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